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20120901
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out there, and these are the housing markets with the smallest gain. linda, detroit. orlando. detroit is interesting. >> it is. obviously, it is a city that has been hollowed out by the population. detroit and cleveland, a lot of those cities, simply they are not going to have the population growth and income growth really to support higher housing prices. it's just going to kind of stay in the dumps. >> one of the expertise i spoke to says there could be as much as a 10% gain. when this thing turns, it is really going to turn. you're going to wish that he would have been in this. >> part of that is because we have tremendous pent-up demand for new homes. we have had this depletion of new household formation and people doubling up. once it gets moving, many documents are created as you sell a home. once you're are able to sell the one you're sitting on, it has a little bit of a momentum effect. i'm wondering if things are going to get a little looser with their standards as to who they will hand out loans to. >> the biggest things are dealing with the backlog of not just foreclosures
of decades past is being reborn in, of all places, detroit. jeff flock with the story. >> reporter: do you remember china like? it is not just shoe polish and the mark. it is watches, leather goods, even bicycles. al be back with a story of a company that is doubling down on america and american maid. stay tuned. liz: it's about the resilience of capitalism. iconic shoe polish maker read launching as an upscale manufacture of consumer goods, ranging from watches to bicycles. david: and the brand has a new home in detroit, which is where our very own jeff flock is with a look at this all-american company. >> reporter: used to be at gm building. they invented the automatic transmission in this building. this is the production line for. i'm in a clean room. this is live and dressed in such a funny manner. this is ready a symbol watches. they said the production line down for the day, but they are assembling watches in america again. has that been done since the 70's. you used to run stossel. you left to do this exciting thing, doubling down on america in investing in america. >> we believe in
there to help you understand it all. let's shake it up. jeff flock in detroit. liz macdonald here on set. dennis neal and robert gray in the newsroom. i do want to start with jeff flock in detroit with an american success story rebuilt. jeff? jeff: we love these stories. you are looking at something that doesn't happen in the u.s. anymore, well, it does now. that's watch making. look at what she's doing. she's building the movement of a watch. and the company is one you have probably heard of, and yeah, i have been urged to explain why we all sometimes laugh when we hear the word shinola. it was a company that was famous for shoe polish back in the 50s and 60s. the principals of the company now here with with me, shoe polish looked a little bit like well you know what? during world war ii soldiers would say you don't know from shinola. they have reinvigorated the brand. everything they do is made in america. look at this, fine leather goods they also do, it's stamped made in detroit. they do everything from leather goods. they are going to do cola, that is to say something to drink. they also ma
-american brands in the manufacturing center of detroit. connell: jeff flock joining us from detroit with the latest. jeff: we promise to get through this without swearing. this is something that has not taken place in the u.s. since the 70s. now we have watches being assembled in the u.s. once again. the company is shinola. this doesn't do justice to the old saying which is you don't know what you don't know. i have the principle of the company. why do you think you can make watches profitably in the u.s. again and why did you choose the name shinola? >> great bran history. it is important we have a brand that has history in the u.s. and manufactured in the u.s. and manufacturing watches in the toy is a good story. >> the sell to $800 and i am wearing one of these. this is what's shinola watch looks like a. kind of sexy and they don't just have watches. at 2:00 we will be back with other products that shinola is making. interesting success story in america and detroit. i like it. [talking over each other] >> this is a clean room where we are making watches. [talking over each other]
the right training and the time and the will to succeed and that is why they are here. >> here in detroit, this building used to be occupied by general motors. this is a place where they invented the automatic transmission, believe it or not. follow me over here. you think you have an iconic brand not only watches, but leather goods, what else? >> journals, bicycles. >> bicycles as well. not only designed, but made in the u.s. this is a story you will only see on fox business network. we love the things, companies who think they can make it in america as well as anywhere else. >> we believe we have the ability and will to make it here in detroit. >> detroit, please noted for manufacturing before and again. i leave you with this, an old shinola newspaper advertisements. tracy: if only. i would get a lot done. thank you very much. ashley: that is the statement of the day. breaking news, closing down $3.31. that is 3.5% drop, the third drop in a row. oil this week alone, the steepest three-day decline for crude in more than three months since early june. coming up, a stunning forecast about
mitt romney did say let detroit go bankrupt, who took the wheel? barack obama. in ohio. 150,000 job in the great state of michigan. 211 american jobs all across america. the best manufacturing is rebounding. why? lori: giving her, let's call it spirited nature, her comments are drawing comparisons to another notorious democrat. >> oregon and washington and michigan, and then we go to washington d.c. to take back the white house. lori: he's not running for office, at least not now. and the federal government apparently really wants us to prepare for us on the apocalypse . the department of homeland security hosting an online seminar about the importance of preparing for a zombie invasion. they also lost a public-service campaign morning about as on the pandemic. it is all tongue-in-cheek, but the idea is americans are prepared for is on the attack. we will all be prepared for real disaster or an emergency. plenty of water, nonperishable foods and emergency flight slots. , the american election debate endorsing in praising one of the two major party contenders. which is it and why? th
're shipping 'em everywhere. but we can't predict our shipping costs. dallas. detroit. different rates. well with us, it's the same flat rate. same flat rate. boston. boise? same flat rate. alabama. alaska? with priority mail flat rate boxes from the postal service. if it fits, it ships anywhere in the country for a low flat rate. dude's good. dude's real good. dudes. priority mail flat rate boxes. starting at just $5.15. only from the postal service. gerri: am i bereday is here. now is the time to plan your fault trip for the best deals. orbitz senior editor joins us now. janine, high gas prices but people will still drive? >> i did agree. aaa's says 3 million will hit the skies which is up one from 2011. it will be busy. gerri: what about this fall? are people planning already? >> with a great thing about fall it is a slower travel season. mid september through november as a great time to travel with many destinations with a mountain towns and the east coast beach towns. gerri: i love to travel in the fall. the weather is great. book early? >> not every destination has the off-season. if p
us now from detroit, bob. we had a review of the iphone yesterday. walt mossberg was on with us from the "wall street journal." you'll notice a couple of things. it is ridiculously light. but, boy is it fast. how does that affect at all what you do? >> right. it impacts it a lot. it is one of the hottest categories. it is so critically important to businesses. every business in the world is looking to improve revenue, market share and brand awareness. they do that through these apps. by adding bandwidth to the apple iphone5, android and other technologies, not just on the smart phones and vehicles, what have you, you increase the ability to do more business over the phone. it is a high business right now. connell: every business has an app. more to the point, some company that is selling something has an out that sells, you can go on shop and buy something. now that apple will be faster, because apple drives the game here, with as big as android is, apple still in that app world is so big, now that apple will be faster with its iphone, how will that change how businesses make applica
out of detroit assembly plant for a month. that will begin next week. there's the gm stock price today down by 9 cents. dagen: the government's break even on that is $32 a share thereabouts. some new life for a ford plant in michigan as the automaker plans to use the facility to bring production back to the u.s. and make cars that will be sent to the european market. connell: let's join jeff flock at the ford plant. jeff: i remember being told when proposing the volt, it was said the last electric car we made we lost a couple billions how many billions do you expect we will lose on this one? oh well, you can answer. this is a cool car, though, this is a mustang, currently made at this plant here at flat rock michigan. it was a joint venture between mazda and ford. now ford has taken the whole thing over. mazda going back to japan. they are now going to make -- speaking of cars they are making money on, this is the ford fusion. they will make this here. it will be the new u.s. production home of the fusion. they are going to bring production back from mexico where this one was made in m
months. coming in at number five, i can't believe i said that, the defensive tackle for the detroit lions, 36 million. this despite getting suspended without pay for two games after stopping of the arm of the packers player. member for, arizona cardinals larry fitzgerald earns more off the field than any other non quarterback in the country with total earnings of $36 million. it's the era think. number three, riven star defensive lineman raking in over 37 million. the denver broncos paid manning, four time in the peak topped product endorsers. 10 million off the field. 42 million overall. and the number one highest-paid player, drew breeze. rakes in nearly $50 million a year. well, coming up next in the wish i could play football. coming up next, does it matter for your money who is in the white house? don't focus on red or blue. focus on the green. and high profile. it's causing a diplomatic incident. that's next. want to try to crack it? yeah, that's the way to do it! now we need a little bit more... a little bit more vanilla? this is great! [ male announcer ] at humana, we believe ther
suggesting that detroit died, that might be enough to get that kind of raucous crowd going. gerri: they're probably ready to cheer would be my guess. all those democrats. thanks for coming on. appreciate your time what do you think about the dnc so far? send me an e-mail. ♪ >> coming up. >> the republican argument against the president's reelection is actually pretty simple. a total mess. he had to clean it up. he only put it back again. >> some controversial lines of the dnc last night. jerry gets her fax check to next. and to is really better for the economy? rodney or obama? a leading harvard economist breaks down but the the kendis plans later. also, api credit cards making a comeback. but are these two good to be true? or financial adviser is all over it. we are on the case next on "the willis report." you see us, at the start of the day. on the company phone list that's a few names longer. you see us bank on busier highways. on once empty fields. everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand,
are taking hits in physical media and matching them. liz: the detroit lions on the cover and how our sales trending today. >> the first twenty-four hours, 1.6 million copies and most importantly digital sales, very strong as well. physical media began at digital. [talking over each other] >> free to play issue is rearing its head for you guys. are you working on stuff like that? how do you monetize that? >> we are 150% on the previous quarter year on year. [talking over each other] >> play games on the browser and your iphone. we apply the company in the u.k. two years ago who are the number one publisher of this with the number one publisher on mobile and a good chunk of that is free to play games. liz: got to rest of the company itself which is down 30% year-to-date down 33% and there was a discussion. you probably wouldn't comment that the company might be bought by a private equity out fit. >> is there a question? liz: and? >> very focused on our strategy to continue to build our business on a global basis taking care of the digital business. we have the world's best brands and platfor
up in detroit. my dad managed his dad owned, well his dad ran an entire automobile company, american motors, despite of that he was willing to let detroit go bankrupt, i don't think he is a bad guy. i am sure he grew up, loving cars, as much as i did, but what i don't understand, and think he understood, that saving the automobile worker, saving the industry, what it meant to all of america, not just the auto workers. i think he saw the bain way. i think he saw it in terms of balance sheets and write-offs. folks, the bain way may bring your firm the highest profits but it is not the way to lead our country from the highest office. when things -- when things -- when things hung in the balance, literally hung in the balance, the president understood this is about a lot more than the automobile industry. this is about restoring america's pride. he understood, he understood in his gut, what it would mean to leave a million people without hope or work if he did not act. and heal knew, he also knew and understood the message it would have sent around the world. if the united states gave up
d.c. saw no change at all. this moves there's no national market. and cleveland and detroit saw annual rates decelerate july versus june, but up from a year ago. okay. north dakota, they're up 17 points, 5%. stuart: and that's oil. >> oil, exactly. stuart: and the moral of the story is. >> really quick, iowa, oklahoma, nebraska, kentucky and alaska are near their peak where they were back. stuart: really? >> yes. stuart: that's a story. come back and tell us that one. and with seem investment the realty. time for your gold report. almost 950 eastern. what have we got. 1,775 per ounce, down five bucks, but still up there. we also got the chicago pmi number earlier. the number down this month compared to last month and that's the first contraction in that number for three years and the dow jones industrial average is down 96 points. that's why. british taxpayers spent only 67 million on the royal family. wait until you hear how much our bill for housing be feeding and protecting president is. that's a new at 10 number we've got for you. rare occurrence at last night's football gam
. come on down. michigan, detroit. it's happening. connell: thanks jeff. dagen: thank you very much jeff. a quick sports update for you, well maybe more like a marathon for the players and viewers of last night's men's u.s. open final. andy murray from britain, scotland finally wins one. the whole match lasted a record time, 4 hours and 54 minutes. it went to 5 sets. this was the first grand slam tial for the -- grand slam tial -- grand slam title for murray. connell: there he is. happy to win. did you watch the whole thing? dagen: not the whole thing. i love to see two sets, one player, two sets, another, and then five sets, love that. connell: we're going to come back in a moment. it was a great match. you know the judge, andrew napolitano, i have been told he has some real strong thoughts on the chicago teachers strike. guess what? he's agreed to make them public. dagen: he's up in the next hour. when i found out my irregular heartbeat put me at 5 timesgreater risk o, my first thoughts were about my wife, and my family. i have the most commonype of atrial fibrillation, or afib. it's n
beneath a suburban detroit driveway after the man told authorities he saw a body being put into the ground around the time hoffa disappeared. those are your news headlines on the fox business network. i'm jamie colby. you know we will stay on that one. dagen? dagen: it is crazy and i'm still obsessed with that story after all these years. thank you very much for that. mortgage rates falling to new record lows once again. the rate on a 30 year fixed rate mortgage now sits at -- check it -- 3.4%. what to make of it? the professor of finance at george mason university is joining us now from washington, d.c. anthony, is this good for the housing market, or is the economy getting so weak at this point that nothing can save housing? >> well, right now, dagen, you are absolutely right. they can push rates even lower, and it's probably not going to do much good. one reason is that we're getting out of the summer seasonal. the housing market bumps back up in the summer because people are buying new homes or buying existing homes, pending home sales dropped a couple percent. that's to be expected ab
peaceful demonstrations. the corruption trial against former detroit mayor is underway, and a prosecutor says phil patrick conspire with his father to turn city hall into bribes. they say the case is a scam. the space shuttle it on a sightseeing tour of california. the shuttle due to fly over landmarks like the state capitol and the golden gate bridge before landing in los angeles where its final home is a science museum. those are your news headlines on the fox business network. now we head back to lori. lori: many thanks. so nostalgic, that space shuttle. talking dividend stocks. investors face a major tax hike if we fall over the cliff. if congress does nothing, the dividend tax rates jump from 15% to 39.6%. will that be the death of devra davis -- dividend income? you say no begin the rate of the increase of the dividends? >> correct. thank you for having me, lori. i don't think we're going to see any problem with dividends at all. one, there's no historical precedent that shows that stocks under perform, especially dividend paying stocks underpimple in higher tax environments, but t
and he took action. when detroit was in trouble, president obama saved the auto industry and saved 1 million jobs. [cheers] [applause] [cheers] [applause] seven presidents before him, republicans and democrats try to expand health care to all americans. president obama got it done. [cheers] [applause] he made a historic investment to lift our nation's public schools and expanded pell grants so that her young people can afford college. because he knows we don't have an ounce of talent to waste, the president took action to lift the shadow of deportation from a generation of young, law-abiding immigrants. [cheers] [applause] [cheers] [applause] now it is time for congress to enshrine in law the right to pursue their dream in the only place that they have ever called home. america. [cheers] [applause] four years ago, america stood on the brink of the depression. fighting incredible odds. and uniting in republican opposition. our president took action. now we have seen 4.5 million new jobs. he knows better than anyone that there is more hard work to do. but we are making progress, and no
Search Results 0 to 30 of about 31 (some duplicates have been removed)